Practice Tips

Real estate practice tips/suggestions

2024 BC Property Assessments 

property assessments 2024

The 2024 BC Property Assessments are now available online through BC Assessment, and homeowners can now check theirs on the website and expect to receive their notices in the mail by the end of January 2024.   REALTORS® are often a valuable source of information for both buyers and sellers in helping them understand tax

‘Tis the Season… to Test for Radon

Radon gas isn’t a new issue for REALTORS®, but during this time of the year it gains importance as fall and winter are the ideal seasons to test for radon. Understanding and helping mitigate radon risks is more than just a professional responsibility for REALTORS®, it’s also an opportunity to provide clients with valuable information

REALTORS® and Radon: Protecting Buyers and Sellers

Radon, a naturally occurring odourless and colourless radioactive gas, may be out of sight but it certainly shouldn’t be out of mind when it comes to real estate transactions. In fact, radon is present at different concentrations (depending on the makeup of bedrock or sediment) throughout Canada. If radon levels in a home surpass a

A Practical Approach to Reducing (Unhelpful) Stress

A Practical Approach to Reducing (Unhelpful) Stress

By guest contributor Josh Froc from Work to Wellness If trying to work harder or working less hasn’t landed you the stress-reducing effects you hoped for, this article is for you. For almost everyone, being stressed doesn’t feel good, and we want less stress – but as wonderful as it is, the world of real estate

Resources to Help REALTORS® and Your Clients Navigate Extreme Climate

Annual widespread wildfires and flooding have unfortunately become a regular occurrence in BC. In 2022, the province recorded more than 1,758 wildfires that burned more than 133,437 hectares. Sixty per cent of the wildfires occurred naturally. Meanwhile, extreme weather and mass flooding devastated communities and hundreds of homes across the province.   There is no

Home Insurance During Wildfire Season

Wildfires have had a devastating impact on communities across BC in recent years. This year’s wildfire season has already begun and, as a REALTOR®, you can help protect your clients by reminding them of the importance of home insurance, both year-round and when buying or selling a home. If your client is buying a home,

Five Insurance Tips for Wildfire Season

Sadly, it seems that in addition to spring, summer, fall and winter, BC now has a fifth season: wildfire season. What’s worse is that this year the wildfire season has gotten off to an early start, making it more important than ever for REALTORS® to help clients manage wildfire risks. While there are some things

The Importance of Conversations on Mental Health

the power of honest conversations

Mental health is an essential component of our daily lives. Yet, it is still overlooked and stigmatized in society. Many individuals are afraid to seek help or speak up about their struggles with mental illness due to the fear of judgment and discrimination. Those struggles can come from diverse places, not only from the professional

Mental Health Awareness Month: Navigating the Stressful World of Real Estate

Real estate professionals face unique problems and challenges in their everyday practice, from the uncertain housing market landscape, long work hours, and other stressors, each taking a toll on their mental and physical health. According to the findings of the survey on COVID-19 and mental health from the Centre for Addiction and Mental Health, one

Site Contamination, a Primer

Engineers and realtors discussing Site contamination

When listing or selling a property, REALTORS® need a basic understanding of site contamination and its potential impact on property transactions. This can include identifying potential sources of contamination, understanding the implications of contamination on property value and potential liabilities, and providing essential advice to clients on how to address and mitigate contamination risks. What

All for One, One for All — New Team Rules in Effect #559

Team of real estate professionals having a conversation

The BC Financial Services Authority (BCFSA) has introduced new Real Estate Services Rules (“Rules”) with respect to teams effective April 1, 2023. But, what’s new in them? The regulator’s historical decisions on teams suggest that timely registration and notice to the regulator is important as, where real estate professionals have failed to register a new

Help Protect Your Clients from Title and Mortgage Fraud Attempts 

Recent reports of home title and mortgage fraud cases in Ontario have raised questions about what real estate professionals across Canada can do to help protect their clients from similar fraud attempts.   On January 5, 2023, law enforcement officers in Toronto warned the public of two fraudsters who impersonated the owners of an Etobicoke-area home

Federal Foreign Buyers Ban is in Effect

For a period of two years starting January 1, 2023, non-Canadians are banned from purchasing homes in Canada under the definition of “residential property” indicated in the legislation and associated regulations that the federal government published on December 21, 2022. Although further technical interpretations of the regulations are still pending, here is the current understanding

VIDEO: Home Buyer Rescission Period, What Consumers Need to Know

With the Home Buyer Rescission Period (HBRP) coming into effect on January 3, 2023, BCREA has created a video for REALTORS® to share with their clients to help them understand buyer’s rights during the HBRP. [iframe width=”560″ height=”315″ src=”https://www.youtube.com/embed/T3Q6U3PtokI” frameborder=”0″ allowfullscreen style=”position:absolute;top:0;left:0;width:100%;height:100%;”][/iframe] This video will provide an overview of the HBRP and go over how

Helping Homeowners and Buyers Navigate New Federal Tax Changes

The federal government is introducing new tax changes that may impact homeowners and potential homebuyers beginning January 1, 2023. Here’s what you need to know. Multigenerational Home Renovation Tax CreditThis tax credit for families applies to eligible construction costs for those who wish to add a secondary unit to their home to allow an immediate

How Do Amendments to the Strata Property Act Impact You?

On November 24, 2022, the BC Government passed amendments to the Strata Property Act, which take immediate effect. There are two significant changes impacting REALTORS® dealing with strata properties, as well as their clients:  This affects REALTORS® differently, depending on their area of practice. For strata management services: For trading services: For rental property management

To Rescind or Not to Rescind…

The Home Buyer Rescission Period (HBRP) will come into effect on January 3, 2023. Under this new regulation, some buyers for some residential properties will have three clear business days to change their mind, for any reason, and walk away from an accepted Contract of Purchase and Sale. It’s important for REALTORS® working with buyers

UPDATE: BC’s Home Buyer Rescission Period: Your Questions Answered

The Home Buyer Rescission Period (HBRP), previously known as “Homebuyer Protection Period” and “cooling-off period,” is expected to be implemented province-wide on January 3, 2023. With many details yet to be determined by the BC Government, we have been hearing from REALTORS® with questions. In this post we answer some of those questions.   New or revised questions

Canada’s Foreign Buyer Ban Begins in January

Starting in January 2023, non-Canadians will be banned from buying homes across Canada, through the Prohibition on the Purchase of Residential Property by Non-Canadians Act. This Act prohibits non-citizens and non-permanent residents from purchasing residential property in Canada for two years. The federal government has still not released the supporting regulations for the foreign buyer

BCREA Access: Explore Five Useful Resources Available Now

BCREA Access is the new, exclusive platform for BC REALTORS® to find professional resources from BCREA. Created to ensure REALTORS® have timely and secure access to BCREA Resources with CREA discontinuing REALTOR Link® on September 15, 2022, BCREA Access has many useful resources available now. Haven’t signed in to BCREA Access yet? Using BCREA Access

Prevent Client Remorse in a Fluctuating Real Estate Market #552

In fluctuating markets, remorse claims become all too common. Consumers regret and want to escape deals. Ensuring you’re well prepared upfront with the proper documentation, the best information and best practices, REALTORS® can help prevent client remorse. Yet, client remorse and uncertainty can still occur despite your best efforts. Why do clients get remorse? Remorse

BC’s Homebuyer Protection Period: What’s Next for REALTORS®?

After the BC Government’s announcement introducing initial details of the upcoming Homebuyer Protection Period to take effect in real estate transactions in January 2023, you might be wondering, what’s next? REALTORS® are at the front lines of real estate transactions in BC, so a change in the way transactions are conducted will have an impact

BC Government to Implement Homebuyer Protection Period in January 2023

The BC Government has created regulations that will enable a mandatory three-day Homebuyer Protection Period (HPP), previously called a “cooling off period,” on January 1, 2023. While BCREA supports enhanced consumer protection measures for real estate consumers, we are extremely disappointed by this announcement. We anticipate that the HPP will not be an effective measure,

Cybersecurity Tips for REALTORS®: Multifactor Authentication

With most of our business being conducted online, REALTORS® and managing brokers must be aware of good cybersecurity practices. Ensuring your digital accounts are secure online prevents hackers from obtaining not just your sensitive information, but also private client information. In a recent Community of Practice for Managing Brokers session, BCREA Technology Manager, Mairon Batista,

Only 35 Per Cent of British Columbians Support Government’s Cooling-Off Period According to Recent Polling

On behalf of the province’s eight real estate boards and 24,000 REALTORS(R), the BC Real Estate Association (BCREA) supports the Government of British Columbia’s intent to introduce a “Homebuyer Protection Period.” However, the BC Government’s cooling-off period fails to meet the needs of British Columbians. A recent independent survey of 1,157 British Columbians shows that only 35

Pre-offer vs Cooling Off: Communicating with Clients

In February, BCREA has published more than 30 recommendations to the BC Government and the province’s real estate regulator, the BC Financial Services Authority, to help guide their decision making to better protect consumers in the real estate transaction process.   A key recommendation we made is for government to mandate a “pre-offer period” instead

LTSA to Increase Fees in April

The Land Title and Survey Authority of British Columbia (LTSA) has announced that it will be increasing service fees as of April 1, 2022. According to LTSA, the net increase will be 1.4% to the overall customer fee. To view the current and projected fees, click here. LTSA says that it uses revenue from fee

BCREA’s Consumer Protection Recommendations Attract National Media Attention

BCREA’s white paper A Better Way Home: Strengthening Consumer Protection in Real Estate Transactions has attracted significant media attention nationwide. BCREA launched the white paper at a press conference in downtown Vancouver on Monday, February 28 with all of BC’s major news outlets in attendance, including Global, CBC, and CTV. More than 500 viewers, including

Summary of Recommendations from A Better Way Home for BC REALTORS®

On February 28, BCREA released a comprehensive white paper titled A Better Way Home: Strengthening Consumer Protection in Real Estate, which includes a set of recommendations for the BC Government on better-protecting consumers in real estate transactions and addressing the root causes of BC’s lack of housing affordability.  The white paper was developed in response

A Better Way Home: BCREA, Boards Publish Sweeping Recommendations for Government to Address Challenges in BC’s Housing Market

The British Columbia Real Estate Association (BCREA), with support from the province’s real estate boards, has published a white paper and series of sweeping recommendations for the BC Government aimed at addressing current concerns with the province’s housing market, the real estate transaction process and consumer protection. The white paper, called A Better Way Home:

Has Your Brokerage Re-Activated Their COVID-19 Safety Plan?

On January 7, BC’s Provincial Health Officer announced that employers are required to re-activate their COVID-19 Safety Plans. To ensure the safety of REALTORS®, managing brokers and their clients, we recommend brokerages update and re-activate their COVID-19 Safety Plan after reviewing the updated Work Safe BC COVID-19 Safety Plan template. BCREA will continue to update

UPDATE: BC Imposes New Social Restrictions With COVID-19 Cases Rising

UPDATE – December 22, 2021 – This blog post was updated to reflect the revised orders and restrictions announced by the Provincial Health Officer on December 21, 2021. With the number of new COVID-19 cases rising as a result of the omicron variant, BC’s Provincial Health Officer (PHO) Dr. Bonnie Henry announced new public health

Introducing InFormBot, BCREA’s Latest Standard Forms Digital Tool

BCREA is excited to announce the launch of InformBot for Standard Forms, a new digital tool that helps REALTORS® navigate the most commonly used forms with confidence.   InFormBot is a chatbot-like program that provides Realtors with an overview of standard forms to use during every transaction stage. Whether working with a seller or a buyer, InFormBot can guide you to the appropriate forms.   Standard forms highlighted in InFormBot include forms from the

Land Owner Transparency Registry Filing Extended to 2022

The Land Owner Transparency Registry (LOTR) filing deadline has been extended to November 30, 2022, without incurring penalties. This extension gives reporting bodies with interests in land more time to file a transparency report.  According to the BC government, they “heard from legal professionals in BC that pre-existing owners need more time to gather information about ownership and prepare to file with the registry.” 

What is a Cooling Off Period? An Introduction for REALTORS®

The BC Government has announced its intent to introduce legislation in spring 2022 to mandate a cooling off period for buyers of all residential real estate. But what is a “cooling off period” and how might it impact you? A cooling off period, also known as a “rescission period,” gives buyers the right to withdraw from a

PODCAST: Using Coaching to Build Trust (October 2021)

Open House by BCREA logo

Across the province, REALTORS® and brokerages are engaged in innovative work to support the real estate profession and the public. And we want to share those stories. On this episode of Open House by BCREA, explore an innovative way to build trusting, successful relationships with your clients through our conversation with Mark Winter. Mark is a

Fall 2021 Standard Forms Release

Background Resources Quick Links Last updated: November 24, 2021 This page contains background information on the Fall 2021 Standard Forms Release, information and resources to help REALTORS® prepare for use of the forms and quick links to other relevant resources. BCREA will update this page as new information and resources are available. Background On November

Masks Recommended for REALTORS® and Clients as BC Introduces New COVID-19 Measures

The British Columbia Real Estate Association (BCREA) recommends REALTORS® and your clients once again wear masks while conducting open houses and private showings as a result of rising COVID-19 case numbers and the BC government’s recent announcement that beginning August 25, people 12 and older – both vaccinated and unvaccinated – will be required to wear a mask in indoor public spaces.   The government also announced that proof of vaccination through a

Where to Find Resources From BCFSA, Real Estate’s New Regulator

Realtors are invited to a webinar regarding the Fall 2020 Standard Forms Release

On August 1, 2021, the BC Financial Services Authority (BCFSA) became the new regulator for real estate service providers in BC. That means the Real Estate Council of BC (RECBC) and the Office of the Superintendent of Real Estate (OSRE) no longer exist.   BCREA recently published a blog post with a video explaining the change in regulators and a series of resources

Revised Real Estate Rules Now in Effect Under New Regulator

As a result of the integration of the Real Estate Council of BC (RECBC) and Office of the Superintendent of Real Estate (OSRE) into the BC Financial Services Authority (BCFSA) on August 1, the Real Estate Rules, now named the Real Estate Services Rules, have been revised. The changes take effect immediately. With RECBC and

PODCAST: A Guide to Getting Started as a REALTOR® (July 2021)

Open House by BCREA logo

On this month’s episode of Open House by BCREA, a panel of three BC Realtors, including host and managing broker Tony Joe, BCREA Director Ashley Smith, and Youth Professional Network chair Kate Philpott talk about getting started as a Realtor, along with tips and directions about how to fast-track a new career in real estate.

RECBC, OSRE and BCREA Update Recommendations on Open Houses

As of July 1, brokerages and REALTORS® should follow WorkSafeBC’s Communicable Diseases Prevention guidelines. June 30, 2021 – With British Columbians set to enter Step 3 of the province’s Restart Plan on July 1, the Real Estate Council of BC (RECBC), the Office of the Superintendent of Real Estate (OSRE) and the British Columbia Real

No Changes to Real Estate Practice in Step 2 of Restart Plan

With vaccine numbers rising and infection rates continuing to fall, BC is on track to move to step 2 of BC’s Restart Plan as of June 15 and all of us are eager for further easing of COVID-19 restrictions. However, REALTORS® and consumers will have to be patient a little longer when it comes to

Webinar Recording: Understanding the June 1 FINTRAC Changes

On June 2, BCREA hosted a free one-hour webinar to help REALTORS® and brokerages understand the new regulatory amendments introduced by the Financial Transactions & Reports Analysis Centre of Canada (FINTRAC) on June 1. Thank you to the over 4,400 Realtors who attended! If you attended the full live session, please allow up to two

Getting Ready for the June 1 FINTRAC Changes: Virtual Currency Obligations

By: Adam Feldman, CAMS, CAMS-RM, CSC, Guest Contributor The rise of virtual currency If you’ve followed the news lately, you’ve probably noticed the increased prominence that virtual currencies are gaining on the global financial landscape.  A 2019 study estimated that 9% of the global population owns Bitcoin, while British Columbia alone is home to 229

BCREA Video Series: Are You Ready for the June 1 FINTRAC Changes?

In case you haven’t heard, the Financial Transactions & Reports Analysis Centre of Canada (FINTRAC) has introduced new and revised regulatory requirements that come into effect on June 1, 2021, that will impact your real estate practice and anti-money laundering obligations. To ensure you’re ready for these changes, BCREA has created a series of short

UPDATE: Learn Ten Things About LOTR in Under One Minute

Updated on May 12, 2021, to reflect that the Land Owner Transparency Registry is now publicly searchable. The Land Owner Transparency Registry, or LOTR, is a publicly accessible registry of information about individuals who have an indirect interest in land that is held through corporations, trusts and partnerships. Here are ten things REALTORS® can learn

UPDATE: 2021 Changes to Your Anti-Money Laundering Obligations

FINTRAC: What’s Changed Using LOTR Last updated: June 1, 2021 Overview New and revised regulatory amendments from the Financial Transactions & Reports Analysis Centre of Canada (FINTRAC) are now in effect and BCREA has created this resource page to help REALTORS® and brokerages understand their new FINTRAC obligations and how to use BC’s Land Owner Transparency

UPDATED: Selling Tenant-Occupied Properties During the COVID-19 Pandemic

Update: This post was updated on May 5, 2021 after a review of suggested protocols. REALTORS® are encouraged to read the updated version below. Selling a tenant-occupied property is always more complicated than selling an owner-occupied property. Selling a tenant-occupied property during a global pandemic adds another layer of complexity.  As a REALTOR®, you have

UPDATED: As COVID-19 Case Counts Rise, REALTORS® Should Continue to Prioritize Health and Safety

Update: This post and the Safer Showings documents referenced below were updated on May 5, 2021 to align with Provincial Health Officer orders and directives up to and including April 2021. Real estate professionals must continue to adapt to protect themselves, consumers and communities from COVID-19. While provincial restrictions do not directly impact REALTORS® ability

Getting Ready for the June 1 FINTRAC Changes: Beneficial Ownership

By Adam Feldman, CAMS, CAMS-RM, CSC, Guest Contributor What is a beneficial owner, and why do I need to know?  A beneficial owner is defined in Canadian federal anti-money laundering regulations as an individual who owns or controls 25% or more of an entity. This could be through direct ownership or ownership of another entity. For

Getting Ready for the June 1 FINTRAC Changes: Business Relationships

By Adam Feldman, CAMS, CAMS-RM, CSC, Guest Contributor Brokerages have been required to conduct ongoing monitoring of their business relationships ever since the concept was introduced into regulation in 2014. At that time, the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) clarified that a business relationship is established if a brokerage conducts two

Protecting Buyers – and Yourself – in a Hot Market

With interest rates at record lows and not enough available housing stock to meet demand, buyers are willing to take risks to clinch a deal. Still, as a REALTOR®, they look to you for information on managing those risks. As you work in your client’s best interest, in advising them don’t forget to manage your

PODCAST: How to Manage Risk in BC’s Current Housing Market (March 2021)

Open House by BCREA logo

On this month’s episode of Open House by BCREA, we highlight best practices and ways for REALTORS® to manage risk in BC’s current housing market. From client conversations, to offer presentations and documentation, Real Estate Board of Greater Vancouver Professional Standards Manager and BCREA instructor Kim Spencer takes you through it all. We also talk

What happens if your client or close contact tests positive for COVID-19?

If being in the midst of a global pandemic wasn’t enough, with BC’s historically busy housing market, REALTORS® are operating under extenuating circumstances and are faced with balancing health and safety with serving their clients best interests. As a result of COVID-19, you have adapted your practices to ensure your clients and the community at

REALTORS® and COVID-19: Three Tips for Working During the Hot Market

In February’s episode of Open House by BCREA, our monthly podcast for REALTORS®, host Tony Joe and his guests – former Real Estate Board of Greater Vancouver President and current Vancouver-area Realtor Phil Moore, and lawyer Brian Taylor – explore some of the challenges and opportunities of working in a historically busy market during COVID-19.

PODCAST: Challenges and Opportunities in a Hot Market During COVID-19 (February 2021)

Open House by BCREA logo

On this month’s episode of Open House by BCREA, host Tony Joe is joined by Vancouver-area REALTOR® Phil Moore, and lawyer and BCREA Legally Speaking author Brian Taylor to talk about the challenges Realtors are facing in a hot market during COVID-19, and how to turn some of those into opportunities. [div id=”buzzsprout-player-8031027″][/div] [script src=”https://www.buzzsprout.com/831562/8031027-challenges-and-opportunities-in-a-hot-market-during-covid-19.js?container_id=buzzsprout-player-8031027&player=small”

Updated Guidance for Real Estate Practice During COVID-19

UPDATE (January 14, 2021): As the spread of COVID-19 continues to be a concern, restrictions from the Provincial Health Officer (PHO) on social gatherings and non-essential travel, and a requirement for masks in public indoor spaces are still in effect until at least February 5, 2021. Updated guidance on safer showings from BCREA, the Real

Strata Depreciation Reports: What REALTORS® and Clients Need to Know

With more than 1.5 million British Columbians living in strata housing, not to mention all the commercial, industrial and mixed-use stratas in BC, it’s important that REALTORS® understand a key tool in assessing the condition of a strata property: the depreciation report. Here’s a quick primer on what you need to know and how to learn more.

COVID-19: Resources for REALTORS®

Last updated: July 1, 2021 The provincial state of emergency that was in place for more than a year has now been lifted. For British Columbians, this means unlimited indoor and outdoor personal gatherings, an end to mask mandates and the freedom to travel within Canada. For REALTORS®, this means the option to return to

Conveyancing Considerations During the COVID-19 Pandemic

The second half of 2020 has been a busy time for real estate transactions, which has resulted in an increase in conveyancing. To help control the spread of COVID-19, it remains paramount to continue using technology to reduce in-person contact during all aspects of a transaction, including conveyancing. In dealing with the consequences of the

Three Things to Know About the Land Owner Transparency Act and Registry

On November 30, the Land Owner Transparency Act (LOTA) and Land Owner Transparency Registry (LOTR) will come into effect. With them come new reporting requirements, filed by legal professionals, when an application is made to register an interest in land. To help REALTORS® and your clients get ready for LOTA and LOTR, here are three

REALTORS® Encouraged to Continue Safe Business Practices in Light of New Public Health Orders

With new health orders announced by the Provincial Health Officer (PHO) on November 19, BCREA encourages REALTORS® to continue COVID-19-conscious business practices, which includes using virtual tools when possible, to market, show, and view properties to help slow the spread of COVID-19. The PHO’s recent announcement and order extends the ban on social interactions and

New Index Created for Quick Access to BCREA Standard Forms Resources

With a variety of new resources having been created over the last several months – including the Standard Forms Resource Centre, the Fall 2020 Standard Forms and accompanying training materials – we have created a way for Realtors to easily find exactly what you need to help your practice. The Standard Forms Resources Index enables

VIDEO: Help Your Clients Understand the Property Disclosure Statement

BCREA has created a video for REALTORS® to share with clients to help them better understand the Property Disclosure Statement (PDS). The PDS is one of the most frequently used standard forms and it allows sellers to disclose facts about the condition of the property so that buyers can make informed decisions when considering purchase

Land Owner Transparency Registry Filings Required Beginning November 30

The Land Owner Transparency Act (LOTA) and the Land Owner Transparency Registry (LOTR) come into effect on November 30, 2020, and that means REALTORS® should prepare for changes to practice when completing a transaction to allow for the new reporting requirements outlined by LOTA. How does this affect your practice? Beginning on November 30, 2020,

The BC Energy Step Code and What It Means for REALTORS®

In the coming years, new homes in BC are about to get measurably healthier, quieter, more durable, and more energy efficient than those on the resale market, thanks to a regulation called the BC Energy Step Code. BCREA is collaborating with BC Hydro and the Real Estate Foundation of BC to ensure REALTORS® understand the

Signs You Should File a Suspicious Transaction Report

Filing a Suspicious Transaction Report (STR) can seem like a tough call – what’s considered suspicious? And how do they help anyways? The truth is STRs are an easy and important way for REALTORS® to help protect BC’s economy from money laundering. They also play a key role in helping law enforcement identify money launderers

Fall 2020 Standard Forms Release

Background Resources Quick Links Last updated: October 2, 2020 This page contains background information on the Fall 2020 Standard Forms Release, information and resources to help Realtors prepare for use of the forms, and quick links to other relevant resources. BCREA will update this page as new information and resources are available. Background On September

Canada Emergency Commercial Rent Assistance for Commercial Owners Extended

By Ellen Baragon, Guest Contributor The federal government has extended the Canada Emergency Commercial Rent Assistance (CECRA) for another month to help small businesses cover rental costs through August 2020. This follows a previous CECRA extension for the month of July. CECRA provides forgivable loans to qualifying commercial property owners to cover 50% of three

Rent Repayment Plans and Other Residential Tenancy Updates

Rent payment being made by cheque

With an announcement on July 20, the BC Government is giving landlords and tenants information to help them plan for the near future. The ban on residential evictions for non-payment of rent will be lifted before September 1, which means full rent will be due in September. Repayment plans The government has published a repayment

COVID-19 and a Different Type of “Exposure” Risk

By Ellen Baragon, Guest Contributor Even when REALTORS® adapt strict COVID-19 safety protocols (you can review BCREA’s guidelines here), hosting open houses increases the risk of exposure to COVID-19. Hosting open houses also results in another type of exposure for Realtors: exposure to public scrutiny. With British Columbians anxiously watching the latest transmission numbers, neighbours

COVID-19 Community Care: Brokerage Raises $17,000 for Local Food Bank

Over the past several months, we’ve been sharing stories about the many REALTORS® across BC who are supporting their communities through the COVID-19 pandemic. For now, this will be the last post in the COVID-19 Community Care series. “A huge thanks to our fantastic agents, to Trinity Church and to the people of Kelowna, West Kelowna

Government’s First Actions on Strata Insurance

After hearing from strata corporations, owners and other stakeholders – including REALTORS® – for several months, on June 23 the BC Government introduced legislative changes to help address the high costs of strata insurance. Strong advocacy work by BCREA and the real estate boards has resulted in BCREA being named as a contributor in the

Blanket Ban on Residential Evictions Ends

On June 24, the BC Government made it possible to evict residential tenants for reasons other than non-payment of rent. That means real estate transactions that require vacant possession can now proceed. Landlords with existing orders for eviction can take them to the courts beginning July 2, 2020, for enforcement and can enforce a writ

Managing Online Communities While Returning to Operation

With Phase 2 of BC’s Restart Plan underway, REALTORS® may encounter concerns or criticism from consumers, especially online. In the latest episode of Open House by BCREA: Returning to Work and Risks to REALTOR® Reputation, Ari Indyk, VP Crisis and Risk at Edelman, provides advice on mitigating and responding to consumer concerns as we navigate

BCREA Public Website Preview
BCREA Public Website Preview
BCREA Public Website Preview
BCREA Public Website Preview